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HS Properties London Ltd

Annual Report and Unaudited Financial Statements

for the Period from 22 March 2022 to 30 March 2023

Registration number: 13994058

 

HS Properties London Ltd

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 4

 

HS Properties London Ltd

(Registration number: 13994058)
Statement of financial position as at 30 March 2023

Note

2023
£

Current assets

 

Stocks

4

1,163,131

Debtors

5

15,000

Cash at bank and in hand

 

43,537

 

1,221,668

Creditors: Amounts falling due within one year

6

(1,221,667)

Net assets

 

1

Capital and reserves

 

Called up share capital

7

1

Shareholders' funds

 

1

For the financial period ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 20 March 2024 and signed on its behalf by:
 

.........................................
H Singh
Director

 

HS Properties London Ltd

Notes to the Unaudited Financial Statements
for the Period from 22 March 2022 to 30 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pond House
Village Road
Dorney
Buckinghamshire
SL4 6QJ

These financial statements were authorised for issue by the Board on 20 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

HS Properties London Ltd

Notes to the Unaudited Financial Statements
for the Period from 22 March 2022 to 30 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

4

Stocks

2023
£

Work in progress

1,163,131

5

Debtors

Current

2023
£

Other debtors

15,000

 

15,000

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

843,750

Accruals and deferred income

 

2,700

Other creditors

 

375,217

 

1,221,667

 

HS Properties London Ltd

Notes to the Unaudited Financial Statements
for the Period from 22 March 2022 to 30 March 2023

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

1

1

   

8

Loans and borrowings

Current loans and borrowings

2023
£

Other borrowings

843,750